Asset Management One Co. Ltd. Has $6.26 Million Stock Holdings in KeyCorp (NYSE:KEY)

Asset Management One Co. Ltd. raised its holdings in shares of KeyCorp (NYSE:KEY - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 364,147 shares of the financial services provider's stock after buying an additional 27,288 shares during the period. Asset Management One Co. Ltd.'s holdings in KeyCorp were worth $6,263,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KEY. American Capital Advisory LLC purchased a new stake in shares of KeyCorp during the third quarter valued at approximately $28,000. Larson Financial Group LLC grew its holdings in KeyCorp by 90.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 918 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in KeyCorp during the 3rd quarter worth $35,000. Capital Performance Advisors LLP acquired a new position in KeyCorp in the 3rd quarter worth $38,000. Finally, Venturi Wealth Management LLC boosted its position in KeyCorp by 62.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,526 shares of the financial services provider's stock valued at $42,000 after buying an additional 975 shares during the last quarter. 79.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Morgan Stanley cut their price target on KeyCorp from $23.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Stephens restated an "overweight" rating and set a $20.00 price objective on shares of KeyCorp in a report on Wednesday, January 22nd. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $18.50 target price on shares of KeyCorp in a research note on Monday, February 3rd. Keefe, Bruyette & Woods decreased their price target on shares of KeyCorp from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group upped their price target on shares of KeyCorp from $20.00 to $23.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, KeyCorp presently has an average rating of "Moderate Buy" and a consensus price target of $19.69.

Insider Activity at KeyCorp

In other KeyCorp news, Director Of Nova Scotia Bank purchased 50,000 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average cost of $17.85 per share, with a total value of $892,500.00. Following the completion of the transaction, the director now owns 162,983,726 shares of the company's stock, valued at approximately $2,909,259,509.10. This represents a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by insiders.

KeyCorp Price Performance

KEY stock traded down $0.64 on Friday, hitting $16.94. 14,267,853 shares of the company's stock traded hands, compared to its average volume of 12,573,685. The stock has a market cap of $16.80 billion, a price-to-earnings ratio of -56.47, a P/E/G ratio of 0.67 and a beta of 1.26. KeyCorp has a 1-year low of $13.10 and a 1-year high of $20.04. The stock has a fifty day moving average of $17.54 and a 200-day moving average of $17.37. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.77.

KeyCorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.205 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.84%. KeyCorp's dividend payout ratio is currently -273.33%.

About KeyCorp

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.